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The cryptocurrency landscape has changed significantly over the past 12 months. Gone are the guaranteed returns of 5x, 10x or greater on ICOs, as a growing number of investors clamor for a piece of the pie. New coins, new forks, and new airdrops have created a competitive marketplace characterized by diminishing returns and reduced profits. The best traders are still able to claim the lion’s share of the rewards though, leaving the rest to fight it out for the scraps.

Welcome to 2018, Where 20% Is the New 20x

Up until last year, the best performing ICOs could be expected to net investors an easy 10x profit by flipping tokens the moment they were listed on an exchange. 2017’s best performers include Spectrecoin, which has provided a 2,143x return on its token price, Qtum (106x) and Neblio (103x). 2018’s best performer, Bluzelle, in comparison, has managed a mere 5x on its ICO price to date. That’s still a healthy profit admittedly, especially when compared to the sort of single digit gains to be enjoyed in traditional asset markets. But by cryptocurrency standards, 500% is small fry.

There are a number of reasons behind the reduced dividends. For one thing, the world has now caught on. Telegram groups promote the most promising ICOs, while projects that attract rapid community interest are prominently promoted, leaving fewer undiscovered gems. Everyone’s looking for the next Stratis, Dragonchain, or Antshares, and it’s not just crypto investors who are wise to this – so are the ICOs issuing the tokens. The best projects, or rather the ones that are generating the most hype, are able to raise their hard cap, increase the number of tokens issued, and bump up the token price in the knowledge that they’ll still sell out in hours. As notorious Twitter trader and shitposter Romano put it, “20% is the new 2x”.

Big Exchanges Are Triggering Smaller Pumps

20% seems an accurate figure for the sort of price bump that tokens added to major exchanges such as Binance and Kucoin can now expect. Bittrex, which has stagnated for months, has finally begun clearing out some of the deadwood, delisting tokens with low trading volume and replacing them with newer entrants. Its latest addition, Vatoms (VEE), was introduced on Friday, whereupon its price pumped by a modest 20%. Six months ago, the same feat would have seen a token previously only available on decentralized exchanges comfortably double in price.

Sites like Etherdelta and IDEX used to be frequented by more experienced traders on account of the complexities of using them, though the masses are catching on. Etherdelta’s interface is notoriously counterintuitive to use, even after successfully completing numerous transactions, while IDEX is at least a little more user-friendly. It’s not rocket science, but neither is it as seamless as setting a buy order on Binance. In January’s altcoin market, everyone was a winner, with everything from scamcoins to shitcoins pumping, causing newbs to conclude that they’d mastered the art of trading. As the mania dispersed and more bearish conditions set in, many of these newfound “pros” were forced to conclude that hodling was perhaps a safer strategy, leaving the riskier trades to those with the crypto wealth and TA skills to make it work.

100x Leverage Is Not for the Fainthearted

One exchange where it’s still business as usual for the top dogs is Bitmex. Thanks to its margin trading of up to 100x, skilled traders can profit handsomely off even the slightest moves in bitcoin’s price. It’s a high risk strategy that’s not for the fainthearted or the charting illiterate. The best of the best are still doing as well as ever though, with AngeloBTC the Twitter trader currently top of the heap.

The changed cryptocurrency landscape hasn’t entirely disadvantaged new traders and investors of low means. Thanks to the craze for airdrops, in which free tokens are awarded to community members for tasks such as following an ICO’s social channels, it’s possible to net up to $ 500 a month in freebies. It’s not a lot to play with, but with patience and perseverance these meager crumbs can be turned into a respectable pile, aided by a few shrewd trades along the way. The easy money in cryptocurrency may be no more, but there are still plenty of ways for enterprising investors to turn a little into a lump sum.

Do you think cryptocurrency trading has gotten more competitive? Let us know in the comments section below.

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XinFin’s Hybrid Blockchain ICO was announced last week after launching minimum viable products and ongoing pilot projects with several institutions. The utility coin XDCE offering enters second week.

XinFin, the first of it’s kind Hybrid blockchain platform is entering into the second week of it’s ICO for it’s utility coin XDCE. XDCE is an ERC 20 token that is also 1:1 swappable with the XDC that has utility in hosting masternodes as well as to be used on tradefinex.org platform for Global Trade and Finance beta platform.

“XinFin XDC Masternodes can float tokenized or non-tokenized private subnetworks which can be used by banks, utility companies, communities or enterprises for blockchain enabling and tokenizing their assets. XinFin network is a peer to peer contract platform running on stake based DPOS consensus which can use existing approved payment channels or use XDC as a settlement layer only through approved financial institutions. The architecture makes XinFin fully compliant with laws of the land.” said Karan Bharadwaj, CTO of XinFin.

“TradeFinex.org Platform is the first app launched on the XinFin’s hybrid blockchain platform aimed at bridging the $ 27 trillion infrastructure deficit globally. It is connecting buyers, suppliers and financiers through it’s trusted network of trade associations, financial institutions, policy makers and regulators.” he added.

XinFin launched the tradefinex platform at second peer to peer Digital Asset summit organized by Assocham in India and extended the platform to over 450,000 enterprise members of Assocham. Amongst its institutional tie ups are Global Youth Economic Summit by NM College group that extends the XinFin platform to over 35,000 students of various affiliated colleges. Singapore based Ramco Labs also announced to build hybrid blockchain solutions with XinFin on its XDC01 protocol for global supply chain finance. Upcoming major global expansion includes Canada and Sri Lanka to be announced in the coming weeks.

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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